Today
ASX rallies as CBA cracks record; Greatland Gold jumps on debut
The sharemarket rose 1pc on ceasefire hopes; Woodside falls with plunge in oil; Collins Foods soars; Rio Tinto and Hancock invest $2.4b in iron ore mine. Follow live.
Iran’s weak response is a win for markets. But there’s more good news
Investors’ big war fears appear to have passed, and now the prospect of US interest rate cuts is getting stronger. That’s positive for complacent bulls.
Trump ceasefire claim in doubt; Travel chaos; BoQ boss quits
Read everything that’s happened in the news so far today.
Yesterday
Two ‘pain’ trades for markets from Iran will surprise you
Markets are calm as investors await more detail on Iran’s likely retaliation to US attacks. But there are pockets of the market that need to be watched closely.
Trump’s changing course. The market’s big fear is getting bigger
Donald Trump’s promises to fix the US budget and end “forever wars” look dead. One global investor says that points to bond yields heading far higher.
ASX drops to three-week low on Iran fears; CBA hits fresh record
Australian shares fell as investors take profits. Woodside to supply Japan with winter LNG; Adairs plunges; Good Guys penalised $13.7m; gold, bitcoin slip.
Trump’s claims questioned; Two Iran pain trades; $3500 body scan craze
Read everything that’s happened in the news so far today.
Why Chris Demasi is calm about his stock bets being dumped
Backed by veteran stockpicker Chris Mackay, the fund manager is so high conviction that its top 10 holdings make up three-quarters of the book.
This Month
Trump’s attack on Iran could wipe up to 10pc off equity markets
The White House’s decision to join the attack on Iran will rattle markets. The scale of the damage depends almost entirely on Iran’s next move, not America’s.
Investors fret Iran attack oil price surge will upend long bull run
Traders say crude could rise beyond $US100 a barrel, making it harder for the RBA to continue cutting interest rates as anticipated this year.
The art of (closing) the deal is a minefield for merger arb funds
Local markets have not been a happy place for investors hoping to leverage takeover transactions, and a relatively high percentage of buyouts just don’t close.
Trump’s ‘numbskull’ Powell threat brings trifecta of risks into focus
Donald Trump’s new suggestion he could sack Jerome Powell is probably hot air, but it’s a reminder of the three TACO trades investors are betting on.
S&P 500 slips, Fed official puts July rate cut on his calendar
The benchmark US index closed modestly lower, after a volatile week, with no end in sight yet of the conflict between Israel and Iran.
ASX dips as CBA falls; Betr shares climb after bid for PointsBet
The big four banks slid; ex-Virgin boss to join Web Travel board; Bowen Coking Coal plunges; oil and gold drop. Follow live.
Birmingham new ABA chief; PwC profit slumps; 50 best restaurants
Read everything that’s happened in the news so far today.
Beware the great white-collar squeeze
On one side, Amazon is warning artificial intelligence will take jobs. On the other, tax reform will hit the richest Australians. This will get uncomfortable.
ASX dips; CBA cracks fresh record; Wisetech drops after board changes
ASX edges lower; Israel-Iran war sends wheat prices up 7pc; Bell Potter upgrades Platinum Asset Management to “hold”. Follow live.
The ASX stock that Ausbil says has ‘material upside potential’
David Lloyd is betting on a housing recovery. He’s recently upped his holdings in Zip and Life360 and says Soul Patts has been flying under the radar.
Employment falls; Trump ‘approved’ Iran plan; 2 unis in world’s best
Read everything that’s happened in the news so far today.
‘Stupid’ Powell is the ultimate lame duck central banker
US Federal Reserve chairman Jerome Powell was smart to hold rates. But only Donald Trump’s Fed call matters now, and it could make all hell break loose.
Reviving Australia’s public markets requires more than just deregulation
It is not just about cutting red tape. It requires rebuilding the ecosystem so that listing is attractive for issuers, and investing in listed equities is rewarding.
ASX dips; Fortescue, MinRes, BHP fall as iron ore extends decline
Australian shares fell; Optus hit with $100m penalty for sales tactics; NextDC shares tipped to double; UBS upgrades oOh!Media to “buy”. Follow live updates.
BlackRock cuts ASX exposure again. Here’s where it’s looking next
After a stunning rebound in Australian equities, BlackRock has decided to take profits to invest elsewhere. It’s also worried about the US dollar.
Trump is bringing markets’ biggest Iran fears closer
The prospect of a US attack on the Islamic Republic is already moving prices. It creates the potential for an energy shock investors thought they had dodged.
PM mulls NATO visit; High Court rejects CFMEU challenge; Markets’ Iran fears
Read everything that’s happened in the news so far today.